Polyus is looking to join the spate of former Eastern Bloc companies that have used the London Stock Exchange for their first listing.
The listing is expected to go ahead in the first half of next year.
‘It produces 20 per cent of Russia's gold already and is expected to double its capitalisation within ten years,' said Capital MS&L director Neil Doyle. He heads the account, reporting to Polyus investor relations director Denis Davydov.
Polyus was spun off from mining company Norilsk Nickel in March.